T19 Fiesta!
Tuesday, April 05, 2005
shing +++== + dancing away at 9:15 PM



hey guys, i know some ppl r struggling with econs because the lecturer is going through so quickly (move like lightning), especially those who didnt take econs the first three months. yup. i've read one of my friend's blog and hopefully the 'below'(adapted) can help yer a little..

it's about Marginal Utility...

And for Econs lesson today, Miss Ngin brought 10 bars of that FULL-CREAM, "Milky Bar" chocolate and asked for a volunteer who was very hungry and likes milk. So Jaafer went up, and in 10 minutes, he had eaten all 10 bars! I was also very hungry then, and the more I saw him eat, the hungrier I got, but I think 3 bars of milk chocolate and I would be nauseous already! Miss Ngin was trying to demonstrate the meaning of Marginal benefits/marginal costs (and she did a really good job!). so marginal benefits would be his feeling of satisfaction: it was 9/10 at his first bar but 3/10 at the 10th. Marginal costs = $0, but he probably lost his abs! haha! 170 grams in total, no joke man...